Platinum Asset Management Limited Upgraded to Buy at Bell Potter (PTM)
Platinum Asset Management Limited (ASX:PTM) was upgraded by equities research analysts at Bell Potter from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has a $5.60 target price on the stock, down from their previous target price of $6.20.
A number of other firms have also recently commented on PTM. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Platinum Asset Management Limited in a research note to investors on Wednesday, September 4th. They now have a $129.10 price target on the stock.
Platinum Asset Management Limited (ASX:PTM) traded up 0.88% on Monday, hitting A$5.750. 172,458 shares of the company’s stock traded hands. Platinum Asset Management Limited has a 52-week low of A$3.340 and a 52-week high of A$5.590. The stock has a 50-day moving average of A$5.13 and a 200-day moving average of A$4.70. The company has a market cap of A$3.324 billion and a P/E ratio of 25.22.
Platinum Investment Management Limited, formerly Platinum Asset Management Limited, is a holding company of Platinum Investment Management Limited.
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